Visteon Announces New Executive Vice President and CFO


Published:

VAN BUREN TOWNSHIP — Visteon Corp. today announced that Jeffrey M. Stafeil is joining the global automotive supplier and will serve as executive vice president and chief financial officer. Stafeil, who will become CFO on Nov. 2, joins Visteon from DURA Automotive Systems, where he had been chief executive officer since October 2010, after serving as executive vice president and CFO since 2008.

Stafeil, 42, has extensive operational leadership and financial management experience, primarily with automotive suppliers, private equity firms and business consultants. He will lead all of the financial activities of Visteon, including treasury, tax, audit and investor relations. He also will oversee mergers, acquisitions and divestitures; global business services; information technology; and communications.

Michael J. Widgren, who has served as Visteon's interim CFO since Oct. 3, continues with the company as vice president, corporate controller and chief accounting officer, reporting to Stafeil.

"We are extremely pleased to have an experienced leader of Jeff's caliber joining Visteon to lead our global financial activities," said Visteon President and CEO Timothy D. Leuliette, who also thanked Widgren for his interim CFO leadership. "Having worked with Jeff in the past, I know he brings tremendous financial knowledge and strategic industry insight, a global perspective and strong leadership skills that will serve the company well as we implement our value-creating action plan."

Prior to joining DURA, Stafeil was CFO and a member of the board at the Klockner Pentaplast Group, a leading industrial company based in Germany. From 2009-2012, he served on the board of directors and was audit committee chairman of J.L. French Automotive Castings Inc. From 2006-2009, he served on the board of directors and was co-chairman of the audit committee for Meridian Automotive Systems. From 2001-2007, he was executive vice president and CFO at automotive supplier Metaldyne Corp. He has also served in management positions at Booz Allen and Hamilton, Peterson Consulting and Ernst and Young.

Stafeil has an MBA from the Fuqua School of Business at Duke University, and a bachelor's degree in accounting from Indiana University.  

Edit Module
Edit Module Edit Module
Edit ModuleShow Tags

Related Articles

Broder & Sachse Real Estate Promotes Lee Hurwitz to President

Broder & Sachse Real Estate, a Birmingham-based development company, today announced the promotion of longtime leadership team member Lee Hurwitz to president.

Amy Perlman Promoted to Vice President and Controller for ITC Holdings Corp.

ITC Holdings Corp., an independent electric transmission company based in Novi, today announced that Amy S. Perlman has been promoted to vice president and controller.

Barton P. Buxton Named President and CEO of McLaren Oakland

McLaren Oakland, a 328-bed medical center in Pontiac, has announced the appointment of Barton P. Buxton as president and CEO.

Construction Association of Michigan Appoints Sam Ruegsegger to Board of Directors

The Construction Association of Michigan today announced the appointment of Sam Ruegsegger, project executive for the Christman Co., to its board of directors. In this role, Ruegsegger will serve as a representative for the Michigan construction industry for a term expiring in 2020.

Concorde Holdings Hires Danielle Kammeyer as Director of Brokerage Operations

Concorde Holdings, a Livonia-based private firm offering services and support for financial professionals, has hired Danielle Kammeyer as its new director of brokerage operations.
Edit ModuleShow Tags

Most Popular

  1. Muer’s Table + Bar Coming to Partridge Creek in Clinton Township This Spring
    Muer’s Table + Bar, a restaurant following in the heritage of the Muer family, will open for...
  2. Ford Building in Downtown Detroit Acquired by The Sterling Group, Improvements Planned
    The Sterling Group, a multi-faceted real estate company, has closed on the acquisition of the...
  3. Detroit’s Condominium Market Projected to Reach $100M in Sales This Year, New Projects on Horizon
    Detroit’s condominium market is projected to reach $100 million in new and existing sales this...
  4. Ferndale’s GreenSpace Café to Host First Vegan and Vegetarian Speed Dating Event in Michigan
    Ferndale-based GreenSpace Café, a plant-based vegetarian and vegan restaurant owned by Dr. Joel...
  5. Entrepreneur-YOU Conference Set for March 15 at Walsh College in Troy
    Registration is now open for the sixth annual Southeast Michigan Women’s Entrepreneur-YOU...
  6. New Wayne State University Integrative Biosciences Center in Midtown Announces Inaugural Health Care Symposium
    The Wayne State University College of Engineering in Detroit has announced it will host its...